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Panasonic wants to be the sole producer in Tesla Motor’s ambitious ‘gigafactory’

By Reiji Murai OSAKA (Reuters) – Panasonic Corp said it expected to become the sole manufacturer in Tesla Motors Inc’s planned multibillion-dollar U.S. battery factory, firming up its commitment to the electric car maker’s project. The Japanese electronics conglomerate had until this week made only cautious comments about Tesla’s plans,…

Panasonic to abandon consumer smartphones

Japanese electronic giant Panasonic said Thursday it will abandon research into new smartphones for retail consumers at home as it struggles to make inroads in a sector dominated by Apple and Samsung. The move comes two months after competitor NEC said it was pulling out of the market citing tough…